Nintendo's president, Tatsumi Kimishima, recently announced that the Nintendo Switch price and release date would be confirmed January 12.

Major details regarding the company’s new home gaming system will be shared with the public and media in the special Nintendo Switch Presentation from Tokyo.

However this isn't stopping GAME from taking pre-orders for the new console on their website, with a placeholder price of £999.99.

But don't there's nothing to worry about.

Nintendo NX and new Mario games revealed!

Take a look at the Nintendo NX, a brand new console from the company who created the Wii, N64 and Gamecube.

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GAME say "Until we receive an official price from Nintendo, a temporary price of £999.99 will be given to the Nintendo Switch console.... At a later date, the confirmed price will be guaranteed to those who have pre-ordered."

BUT, if you're pre-ordering with Paypal it's not quite so simple:

"If you select PayPal as your payment option to pre-order the Nintendo Switch, please be aware that PayPal will attempt to authorise the current £999.99 value, resulting in a pending transaction at that value until the launch date of the Nintendo Switch.

This should not interfere with your use of your PayPal account and you will only pay the confirmed price on launch day.

Please note that if you do not have sufficient funds available to your PayPal account when you place the pre-order, PayPal may decline to authorise the transaction which will prevent your pre-order from being confirmed."

Bizarre. Either way, we'd suggest you wait until January 12 before making any rash decisions about the new Nintendo Switch.

NINTENDO

Nintendo Switch will reveal more details about the new console on January 12 in Tokyo

According to the gaming site, who have so far proven dependable with information, the unit will benefit from a 6.2-inch multitouch capacitive touchscreen that's similar to the screens you find on smartphones and tablets.

This 10-point multitouch display will support multi-finger gestures, which is a big change from the single-touch screens found in the 3DS and Wii U.

Potentially this means the 720p screen will be able to play smartphone games, including upcoming release Super Mario Run.

Likewise, the news also means that Wii U and 3DS games could be supported by the Nintendo Switch.